Sign (SIGN) is 1.2× the size of Bubblemaps (BMT) by market capitalisation. Over the past 1 year, BMT is ahead by 54.8 percentage points (BMT -18.4% against SIGN -73.2%). Their daily returns move barely together (correlation 0.16 across 399 shared trading days). BMT has been the more volatile of the two, at 198% annualised against SIGN's 99%.
BMTSIGN
0.16over 399 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | BMT | SIGN |
|---|---|---|
| Max drawdown (400d) | -84.2% | -90.6% |
| Risk-adjusted return (90d) | 0.30 | 0.72 |
| Best 30 days (past year) | +169.1% | +112.3% |
| Worst 30 days (past year) | -45.8% | -68.3% |
Relative strength over 90 days: BMT outperformed SIGN by 44.8% — measured on the BMT/SIGN ratio, so it holds regardless of market direction.